- Joined
- Mar 27, 2012
- Messages
- 8,554
- Reaction score
- 1,924
- Location
- Oregon
- Gender
- Male
- Political Leaning
- Independent
Ok. 800B instead of 1T. I dont see where it supports your claim.
Last edited:
That $800 was over a decade - $80B per year - not NOW as you asserted. The Dems tried to get the Repos to even agree to that much and they wouldn't. As the article said, "Boehner refused to embrace that figure" in November.Ok. 800B instead of 1T. I dont see where it supports your claim.
I did GOOGLE it before I asked . I could not find one instance where the death of anyone was taxed. NOT A SINGLE ONE.
Not one American death was taxed . I cannot locate one example of it.
You are screaming, whining and moaning about something which does not exist.
Like everybody HAS an "estate"! :lamo
Your every post shows how far removed you are from the world in which most people live.
Best stats I can find show just under 15,000 estates a year have to pay a tax.
Most estate are have account/asset consultants so the passing of estates from one generation to another is done in increments to avoid taxes.
It is an estate tax because a man can die, leave his estate to a qualifying charity and the estate isn't taxed. So the dead dude isn't 'taxed' as the upper 1% or so keep trying to insist.
In 2009 about 80 'family farms' had any tax liability on their assets over 3.5 million USD. That means the myth of a 'death tax' killing family farms is false. Around here a big farm being broken up generally means the children don't want to farm due to nice city based careers, or they can't decide how to divide ALL the farm assets so they sold and split the money. (most sold land goes to kin around here so the last name on the deed doesn't change.) Most family farms are diversified in their holdings with stocks and interests in local businesses so it isn't traditional assets in question, it is just easier to sell the land no one wants to work and keeping the stocks and business partnerships.
Anyway, a very few are very upset the land of opportunity doesn't include nobility or charity status for the upper 1%.
I wonder what countries allow multi-million dollar estates to pass untaxed?
and you would be wrong, but if you wish to be ignorant on what it is, that is your business.Screaming, whinning and moaning? Rather dramatic IMO.
Tomato/Tomato.
I'll just continue to call it a Death Tax.
no, her estate was taxed, not the act of her death.My mother's death was taxed. I wrote the check.
I don't believe a corpse can own anything. Do you have evidence to the contrary?You believe that everyone dies broke???
no, her estate was taxed, not the act of her death.
the act of dying is NOT TAXED...seriously, i dont get what is so hard to understand here. if you paid anything, it is because YOU RECEIVED ASSETS FROM THE ESTATE, WHICH IS 'INCOME' TO YOU. income is taxed in this country.Please explain why that's anything other than a semantic difference. What's consequential in your distinction?
And in actuality wasn't it the inheritance that was taxed?no, her estate was taxed, not the act of her death.
You might want to check your definitions there ...No one has an estate until they die. What's your point?
Yep! It's just like receiving a gift except you get a bigger deduction for it - a MUCH bigger deduction.the act of dying is NOT TAXED...seriously, i dont get what is so hard to understand here. if you paid anything, it is because YOU RECEIVED ASSETS FROM THE ESTATE, WHICH IS 'INCOME' TO YOU. income is taxed in this country.
the act of dying is NOT TAXED...seriously, i dont get what is so hard to understand here. if you paid anything, it is because YOU RECEIVED ASSETS FROM THE ESTATE, WHICH IS 'INCOME' TO YOU. income is taxed in this country.
If the current tax rates, the Obama rates are good why mess with them? Oh yeah. It is that whole class warfare thing. Understood.Finally Someone trying to do something for the class that carries this country, in WARS and economically by doing the LABOR and actual WORK...that produces our economy.
Its refreshing to have someone care about those that really need a break and not just slobbering all over themselves sniveling about how very bad the 1% that has 99% has it....
President Obama returns to the tax issue today, with plans to call for a one-year extension of George W. Bush-era tax cuts for the middle class.Obama will again call for letting the Bush tax cuts for the wealthy to expire at the end of the year, saying the revenue can be used to help reduce debt and finance middle class programs like education.
"President Obama today will push for extension of middle class tax cuts," tweeted White House Communications Director Dan Pfeiffer. "Will the GOP join him to provide certainty for 98% of Americans?"
Obama to call for middle class tax cut extension
There is no tax if all the money goes to charity - what's so hard to understand???There is no "estate" until the person owning the asset DIES. There is no tax until the person DIES. And the Death Tax is NOT a tax on income. I don't understand what is so hard to understand either.
There is no tax if all the money goes to charity - what's so hard to understand???
The "estate tax" is essentially a special form of the gift tax that has a HUGE deduction compared to a 'normal' gift.
I find it highly amazing how Repos try to slant things using absurd labels! LOL!I find it highly amusing how liberals react to the moniker "Death Tax". Funny!
the only way YOU have to send a check, you personally, is if you recieved assets from the estate. i explained this once alreadyThere is no "estate" until the person owning the asset DIES. There is no tax until the person DIES. And the Death Tax is NOT a tax on income. I don't understand what is so hard to understand either.
I find it highly amazing how Repos try to slant things with absurd labels! LOL!
They never could see the difference between government and business so they may as well use Madison Ave like any other well-funded business.
the only way YOU have to send a check, you personally, is if you recieved assets from the estate. i explained this once already
Like everybody HAS an "estate"! :lamo
Your every post shows how far removed you are from the world in which most people live.
You personally paid nothing from your own pocket unless you received assets...You may have explained it, but it isn't true. I had to file Form 706 and sign the check as executor of the estate.